M/S Indseam Services Ltd vs Bimal Kumar Kejriwal (Huf)

The Supreme Court upheld the High Court's order directing the Magistrate to take cognizance of the offence under Section 420 IPC and Section 120B IPC, rejecting the appellant's challenge against the cognizance order. The Court emphasized that the High Court's directive was binding and the Magistrate acted appropriately in compliance with it. The Court clarified that the nature of the dispute, while involving breach of contract, warranted criminal proceedings under the cited sections of the IPC.